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We are here for you to provide the important Recent and Latest Current Affairs February 7 2026, which have unique updates of Latest Current Affairs 2026 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

India Pays USD 35.18 Million to UN Regular Budget 2026; Joins ‘Honour Roll’In February 2026, the Government of India(GoI) paid USD 35.18 million to the United Nations (UN) Regular Budget for 2026. Following this contribution, India has now joined the UN’s ‘honour roll’ alongside 51 other member states who have paid their regular budget dues in full and on time.
About India’s Contribution to UN:
Total Assessed Contribution: India’s overall assessed contribution to the United Nations (UN) budget stands at USD 38.223 million, with USD 3.091 million offset against staff income taxes.

• India contributed 1.016% to the UN’s regular budget of USD 3.45 billion.

Coverage: This contribution supports core UN operational expenses, excluding peacekeeping activities.
UN Regular Budget Contributions:
Total Budget Approved for 2026: In December 2025, the 193-member UN General Assembly (UNGA) approved a USD 3.45 billion regular budget for the UN for the year 2026.

• This newly approved budget covers the organisation’s 3 main pillars of work: peace and security; sustainable development; and human rights.

Total Contributions: As per the UN Committee on Contributions, 51 member states have paid their regular budget assessments in full, within the 30 day due period specified in the UN financial regulations (as of February 04, 2026).

GoI, Nagaland Government and ENPO Signed Agreement to Form FNTAIn February 2026, the Government of India(GoI) signed a tripartite agreement with Nagaland Government, and Eastern Nagaland People’s Organisation (ENPO), an apex body which represents  eight recognised Naga tribes of the six eastern districts of Nagaland,  for the creation of Frontier Nagaland Territorial Authority (FNTA) which will primarily focus on the development and governance of Eastern Nagaland.

• The agreement was signed in the presence of Union Minister Amit Shah,  Ministry of Home Affairs (MHA) and Ministry of Cooperation and Neiphiu Rio, Chief Minister (CM) of Nagaland, in New Delhi, Delhi.

Key Details of FNTA:
Districts Covered: As per the agreement, the proposed FNTA will be created for 6 districts of Nagaland namely, Tuensang, Mon, Kiphire, Longleng, Noklak, and Shamtor.
Devolution of Powers to FNTA: Under this newly signed agreement, powers related to 46 subjects of the state will be transferred to the FNTA.
Financial Support : Union Home Minister Amit Shah informed that the MHA will provide the initial expenditure for the establishment of FNTA.
Other Key Features: The agreement facilitates, inter-alia, for mini-secretariat for FNTA chaired by Additional Chief Secretary/Principal Secretary. 

• It will also receive a dedicated outlay for the Eastern Nagaland region proportional to population and area.
• However, this newly signed agreement does not alter/change in manner whatsoever, the provisions of Article 371 (A) of the Constitution of  India.

About Nagaland:
Chief Minister (CM)- Neiphiu Rio
Governor-Ajay Kumar Bhalla (additional charge)
Capital- Kohima
National Parks (NPs)- Ntangki NP

Union Minister Amit Shah Launches India’s First Cooperative-sector taxi service ‘Bharat Taxi’ in New DelhiOn 05 February 2026, Union Minister Amit Shah, Ministry of Cooperation and Ministry of Home Affairs (MHA), launched India’s first cooperative-sector ride-hailing service ‘Bharat Taxi’, at Vigyan Bhavan, New Delhi (Delhi).

• The initiative aims to strengthen the cooperative sector, ensure driver ownership, and promote inclusive, citizen-centric mobility solutions.

About Bharat Taxi:
Overview: Bharat Taxi is a cooperative-led ride-hailing platform that enables booking of cars, three-wheelers(3W), and two-wheelers(2W), providing an indigenous alternative to private aggregator-based services.
Establishment: Bharat Taxi is registered under the Multi-State Cooperative Societies Act, 2002, established on 06 June 2025, and operates as the world’s first and largest cooperative-based ride-hailing platform.
Management & Cooperatives: Bharat Taxi is operated by Sahakar Taxi Cooperative Limited and major cooperative institutions, including IFFCO (Indian Farmers Fertiliser Cooperative Limited), AMUL (Anand Milk Union Limited), NCDC (National Cooperative Development Corporation), NABARD (National Bank for Agriculture and Rural Development), NDDB (National Dairy Development Board), KRIBHCO (Krishak Bharati Cooperative Limited), NAFED (National Agricultural Cooperative Marketing Federation of India), and NCEL (National Cooperative Electronics Limited).
Operations & Expansion: The platform began pilot operations on 02 December 2025 in Delhi-National Capital Region(NCR) and Gujarat, with plans to expand to all States and Union Territories (UTs) across India within the next two to three years.
Driver-Centric Model: Drivers are known as Sarathis (charioteers) and are placed at the centre of ownership, operations, and value creation.

• Principle: ‘Sarathi Hi Malik’ (Driver is the owner)

Revenue Model: Under this model, Bharat Taxi retains only 20% of total earnings, with the remaining 80% credited directly to the Sarathi’s (driver’s) bank account without any delay.
Women Empowerment Initiatives:

• Bike Didi: More than 150 women drivers have joined the platform.
• Sarathi Didi: It offers a dedicated app window for women passengers, where rides are provided exclusively by women drivers on two-wheelers.

Highlights of Launch Event:
Recognition: The top five Sarathis were felicitated for outstanding performance, receiving personal accident and family health insurance of Rs 5 lakh, reinforcing driver welfare and cooperative ownership.
Partnerships: During the event, nine Memorandums of Understanding (MoUs) were signed with key public and private partners to strengthen operational integration, digital enablement, and service quality.

DPIIT Notifies Revised Startup Recognition Framework to Strengthen Startup India Action PlanIn February 2026, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoC&I) notified the revised startup recognition framework under the Startup India Action Plan.

• This move aimed at strengthening India’s innovation ecosystem and supporting the next phase of startup growth.

Key Changes:
Increase in turnover threshold: As per the new norms, the Government of India(GoI) has increased the turnover threshold for startup recognition from Rs 100 crore to Rs 200 crore.
Inclusion of Cooperative Societies: As per the revised norms, cooperative entities like: Multi-State Cooperative Societies registered under the Multi-State Cooperative Societies Act, 2002, as well as Cooperative Societies registered under State and Union Territory (UT) Cooperative Acts, are now eligible for startup recognition, subject to fulfilment of other applicable criteria.
New sub-category: The revised framework has introduced a new sub-category of ‘Deep Tech Startup’ for entities working on cutting-edge (advanced) and emerging technologies.
Eligibility Criteria for new sub-category: Considering the long gestation periods, high Research and Development (R&D) intensity and capital requirements of deep technology ventures, the GoI has expanded the eligibility criteria for new Deep Tech Startup category:

• Extension of Age Limit: The age limit has been extended from the existing 10 years to 20 years from the date of incorporation or registration.
• Increase in Startup Turnover Limit: Also, the startup turnover limit has been increased to Rs 300 crore.

Key Restrictions on Use of Funds: During the recognition period, the startups are prohibited from investing in residential real estate, non-core land and buildings, loans and advances unrelated to the core business, capital contributions to other entities, among others.
Tax Benefits: DPIIT has clarified that recognised startups, including deep tech firms will now have the option to apply for income-tax exemptions under Section 80-IAC of the Income Tax (IT) Act, 1961 subject to certification by the Inter-Ministerial Board.

MoC&I Secretary Rajesh Agarwal Launches India-Australia Business Case Studies Compendium
In February 2026, Rajesh Agarwal, Secretary of the Ministry of Commerce and Industry (MoC&I), launched the “India–Australia Business Case Studies Compendium” titled “Pitch Perfect Australia-India: Perfect Conditions for a USD 100 Billion Partnership” to promote bilateral trade, investment, and industry collaboration between India and Australia.
About the India-Australia Business Case Studies Compendium:
Overview: The compendium presents successful India–Australia business collaborations and documents best practices, market-entry strategies, regulatory experiences, and innovation-led partnerships, serving as a practical reference for businesses, startups, investors, and policymakers.
Objectives: It aims to promote two-way trade and investment, encourage industry-to-industry collaboration, and support the effective implementation of the India-Australia Economic Cooperation and Trade Agreement (ECTA).
Developer: The compendium was jointly developed by Indian Institute of Foreign Trade (IIFT) and Newland Global Group.
Key Sectors Covered: The publication covers sectors such as manufacturing and critical minerals, education and skill development, technology and innovation, agriculture and food processing, and clean energy.

INTERNATIONAL AFFAIRS

Overview of Union Minister Dr. S. Jaishankar’s Visit to USA from February 2 to 4, 2026Union Minister Dr. Subrahmanyam(S.) Jaishankar, Ministry of External Affairs (MEA) was on a three-day visit to the United States of America (USA) from February 2 to 4, 2026, to participate in the Critical Minerals Ministerial Meeting in Washington, D.C., the USA.
Highlights of Union Minister Dr. S. Jaishankar’s visit to USA:
Bilateral Meeting: On February 3, 2026, he held a bilateral meeting with Marco Rubio, Secretary of USA at the United States(US) State Department in Washington D.C. He also met Scott Bessent, Treasury Secretary, USA, and discussed strengthening economic partnership and strategic cooperation.
Critical Mineral Ministerial Meeting 2026: On February 4, 2026, Union Minister Dr. S. Jaishankar attended the einaugural Critical Minerals Ministerial , a multilateral forum convened by USA Secretary of State Marco Rubio, in Washington D.C.

• uring the meeting, Union Minister Dr. S. Jaishankar highlighted the risks posed by excessive concentration of critical mineral production and processing.

FORGE Initiative: He announced India’s support for the Forum on Resource, Geostrategic Engagement (FORGE), a newly launched global initiative aimed at strengthening cooperation on critical minerals supply chains.

• FORGE will be chaired by the Republic of Korea until June 2026.

Project Vault: President of the USA Donald John (J). Trump launched ‘Project Vault’, a new strategic minerals reserve initiative, with an aim to reduce the USA’s reliance on foreign countries.
The project has total funding of about USD 12 billion, including USD 10 billion through a long-term loan from the US Export-Import Bank (EXIM) and around USD 2 billion from private sector investments.
About United States of America (USA):
President – Donald John (J). Trump
Headquarters – Washington D.C.
Currency – United States Dollar (USD)

ECONOMY & BUSINESS

Apogee Aerospace Place Order Worth Rs 3,500 Crore with Australia’s AAI for 15 Seaplanes
In February 2026, Apogee Aerospace Private Limited, an air defence company placed an order worth Rs 3,500 crore for 15 amphibian aircrafts (seaplanes) with Australia’s Amphibian Aerospace Industries (AAI).

• The order is part of the AAI–Apogee Aerospace partnership to develop an amphibian aviation ecosystem in India, anchored by AAI’s Albatross 2.0 platform.

Key Details:
Key Areas Covered: In addition to that, Apogee Aerospace will invest Rs 500 crore to set up tail-section manufacturing, Maintenance, Repair  and Overhaul (MRO) facilities, training and simulation infrastructure, and advanced integration capabilities in India.
Key Role: As per this strategic collaboration, Apogee Aerospace has been designated as AAI’s exclusive authorised representative for the Indian subcontinent in the restricted category which covers defence and government requirements.
About Albatross 2.0 Aircraft: It is the world’s first and only transport-category amphibious aircraft in the Registered Passenger Transport (RPT) segment certified by both the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA), with a maximum capacity of 28 seats and capable of operating on both water and land.

AWARDS & RECOGNITIONS

Indian Teacher Rouble Nagi Wins Global Teacher Prize 2026On February 5, 2026, Rouble Nagi, an Indian teacher and social activist, won the Global Teacher Prize 2026, which is described as the “Nobel Prize for Teaching”, at the World Government Summit held in Dubai, United Arab Emirates (UAE).
About the Global Teacher Prize:
Overview: An annual international award honouring an exceptional teacher for outstanding contributions to education and society.
Background: The award was instituted in 2014 by Global Education Management Systems (GEMS) Education and the Varkey Foundation, in collaboration with United Nations Educational, Scientific and Cultural Organization (UNESCO).
Cash Prize: The award includes a cash prize of USD 1 million, awarded to one winner every year.
About Rouble Nagi:
Profile: Rouble Nagi, an Indian teacher, artist, and social reformer from Mumbai (Maharashtra), is widely known for integrating art with education to drive social change. She transitioned from conventional teaching to grassroots social intervention.

• She worked directly in villages and urban slums, focusing on children who had never attended school or were at risk of dropping about.

Founder: She founded the Rouble Nagi Art Foundation (RNAF) to institutionalise her work, designing education programmes, mobilising communities, and training volunteers.

• Through RNAF, she established 800+ learning centres across India and created educational murals in public spaces to teach literacy, maths, science, and history.

About Global Education Management Systems (GEMS) Education:
Chairman – Sunny Varkey
Headquarters – Dubai, United Arab Emirates (UAE)
Established – 1959

USA’s New York City Joins WHO’s Global Outbreak Alert and Response NetworkOn February 5, 2026, New York City (United States of America, USA) joined the World Health Organization (WHO)’s Global Outbreak Alert and Response Network (GOARN), a global public health cooperation network.

• Earlier, Illinois (USA) joined the WHO’s GOARN on February 3, 2026.

About GOARN:
Overview: GOARN is a network coordinated by the WHO, established in 2000. It brings together over 360 institutions worldwide.
Framework: It operates under the broader United Nations (UN) Health Network framework, which is coordinated by the WHO.
Purpose: The initiative aims to detect, monitor, and respond quickly to disease outbreaks and public health emergencies.
Detection & Surveillance: It monitors global disease reports, signals, and alerts, aggregating information from WHO member states, hospitals, laboratories, and other institutions.
Capacity Building: It offers training, guidance, and expertise to countries and regions, helping to strengthen local and national public health systems and promoting best practices for outbreak response and preparedness.
Indian GOARN Partner Institutions: Empower School of Health; Indian Council of Medical Research – National Institute of Epidemiology (ICMR-NIE); Manipal Institute of Virology; National Centre for Disease Control (NCDC); National Institute of High Security Animal Diseases(NIHSAD); National Institute of Virology (NIV); Population Council Institute; and The INCLEN Trust International.

APPOINTMENTS & RESIGNATIONS

Toyota Motors Appoints Kenta Kon as its New President and CEOIn February 2026, Toyota Motor Corporation (TMC) appointed its Chief Financial Officer (CFO) Kenta Kon as its new President and Chief Executive Officer (CEO) effective from 1st April 2026.

• Kenta Kon will replace Koji Sato, who will assume the news roles of Vice Chairman and Chief Industry Officer(CIO) in TMC.

About Kenta Kon:
Background: He joined Toyota Motor Corporation in 1991.
Expertise: He is known for strong financial discipline, cost control, and close collaboration with Chairman Akio Toyoda.
Previous Role: He serves as a director at Woven by Toyota (technology unit) and Toyota Fudosan (real estate unit).
New CFO: Current CFO Kenta Kon, promoted to CEO, has been succeeded by Yoichi Miyazaki, Executive Vice President, as the new CFO.

ACQUISITIONS & MERGERS

MCA Approves Merger of 17 POWERGRID Subsidiaries into Two EntitiesIn February 2026, the Ministry of Corporate Affairs (MCA) approved two composite schemes of arrangement for the merger and amalgamation of 17 wholly-owned subsidiary companies of Power Grid Corporation of India Limited (PGCIL or POWERGRID) into two other wholly-owned subsidiaries, as part of a major corporate restructuring initiative.

• The mergers will be effective from April 1, 2024, which has been set as the official date for the amalgamation.

Overview of the Merger Schemes:
Objective: The restructuring simplifies the corporate structure, reduces costs, improves operational and financial efficiency, and strengthens execution of large transmission projects.
Merger Framework: All assets, liabilities, and operations will be transferred to the respective transferee companies, and the Ministry of Corporate Affairs (MCA) orders will be binding on the shareholders and creditors of both the transferor and transferee entities.
Merger Structure: The restructuring consolidates project-specific Special Purpose Vehicles (SPVs) into larger functional entities through two distinct schemes: Scheme Group-A and Scheme Group-B.

• Scheme Group-A: Under this scheme, 12 wholly-owned subsidiaries will be merged into ‘POWERGRID Khavda II-C Transmission Limited’.
• Scheme Group-B: Under this scheme, 5 wholly-owned subsidiaries will be merged into ‘POWERGRID Vataman Transmission Limited’.

RBI Approves Blackstone to Acquire 9.99% Stake in Federal Bank
In February 2026, the Reserve Bank of India (RBI) granted its approval to American private equity firm Blackstone to acquire an up to 9.99% stake in the Federal Bank Limited, an Indian private sector bank.

• This proposed investment by Blackstone is set to mark one of the biggest private equity entries into India’s private banking system.

Key Details:
Background: In December 2025, the Competition Commission of India (CCI) approved Blackstone to acquire a 9.99% stake in Federal Bank through convertible warrants.
Total Investment: As per the proposed arrangement, Blackstone will invest Rs 6,196.51 crore (around USD 700 million) in the private lender through its subsidiary Asia II Topco XIII Pte Ltd via a preferential issue on a private placement basis.
Significance: On the completion of transaction, Blackstone will be authorised to nominate a director to the bank’s board as long as its shareholding remains at or above 5%.

SPORTS

Royal Challengers Bengaluru Clinch 2nd WPL Title 2026 Against Delhi CapitalsRoyal Challengers Bengaluru Women’s cricket team (RCB-W) clinched their second Women’s Premier League (WPL) title 2026 by defeating Delhi Capitals Women’s cricket team (DC-W) by six wickets in the WPL 2026 final held at Vadodara International Cricket Stadium, Vadodara (Gujarat).

• The 4th edition of the tournament was held from 9th January to 5th February 2026 in Mumbai (Maharashtra) and Vadodara (Gujarat).

About Women’s Premier League (WPL) 2026:
Overview: WPL is a women’s franchise Twenty20 (T20) cricket league organised by the Board of Control for Cricket in India (BCCI).
Teams: WPL featured five teams namely Gujarat Giants – Women cricket team (GG-W), RCB-W, Mumbai Indians – Women cricket team (MI-W), DC-W and UP Warriorz – Women cricket team (UPW-W).
Format: The tournament follows a double round-robin league stage followed by playoffs to determine the champion.
Prize Money: The winners RCB-W received a cash prize of Rs 6 crore, while the runner-up DC-W received Rs 3 crore.
First Edition: The inaugural WPL season was held in 2023 and was won by MI-W after defeating DC-W in the final.
Highlights of WPL 2026 Finals:
Chase: RCB-W chased 204/4 in 19.4 overs, achieving the highest successful run chase in WPL final history.
Captain: Smriti Mandhana led RCB-W and scored 87 off 41 balls, finishing as WPL 2026’s leading run-scorer with 377 runs.
Partnership: Mandhana and Georgia Voll (79 off 54) stitched a 165-run second-wicket stand, the highest in a WPL final.
Records: DC’s 203/4 became the highest first-innings total in a WPL final, and finished as runners-up for the fourth consecutive season while RCB-W’s win marked their second WPL title, joining MI-W as the most successful teams.

IMPORTANT DAYS

International Day of Zero Tolerance to Female Genital Mutilation 2026 – February 6The United Nations (UN’s) International Day of Zero Tolerance for Female Genital Mutilation (FGM) is observed annually on February 6 across the globe to raises global awareness, promotes the abandonment of FGM, and reinforces efforts to protect the rights and well-being of girls and women worldwide.

• 6 February 2025 marks the 14th observance of the UN–recognised International Day of Zero Tolerance for FGM.
• 2026 Theme: “Towards 2030: No End To FGM Without Sustained Commitment and Investment”.

Background:
Declaration :On February 6, 2003, Stella Obasanjo, then First Lady of Nigeria, formally proclaimed “Zero Tolerance for FGM” in Africa at a conference organised by the Inter-African Committee on Traditional Practices Affecting the Health of Women and Children, marking the first observance of the day.
UN Recognition : Subsequently, February 6 was officially recognised by the UN Sub-Commission on Human Rights as the International Day of Zero Tolerance for FGM.
UNGA Resolution: On December 20, 2012, the United Nations General Assembly(UNGA) adopted Resolution A/RES/67/146, declaring February 6 each year as the International Day of Zero Tolerance for Female Genital Mutilation.
About United Nations Population Fund (UNFPA):
Executive Director (ED)– Diene Keita(Guinea)
Headquarters– New York, the United States of America (USA)
Established – 1969

STATE NEWS

FLO Bengaluru Unveils First-of-its-kind Women-led Industrial Park
On February 5, 2026, FICCI Ladies Organization (FLO) Bangalore (Karnataka), the women wing of Federation of Indian Chambers of Commerce and Industry (FICCI), inaugurated a first-of-its-kind women-led industrial park at Gowribidanur in Chikkaballapur(Karnataka), marking a major milestone in promoting women entrepreneurship and inclusive industrial growth.
About the Women-led Industrial Park:
Purpose: The park, spanning approximately 50 acres, is planned exclusively for FLO Bangalore members, it addresses barriers for first-generation women entrepreneurs in manufacturing via public-private partnership with Karnataka Industrial Areas Development Board(KIADB) and Karnataka Udyog Mitra (KUM).
Single-Window Clearances: The initiative aims to make industrial entry easier for women by providing single-window clearances and handholding through consultants, access to financial institutions and business planning support, and guidance on compliance and project execution.
About FLO: FLO, established in 1983 in New Delhi (Delhi), is a Non-Profit Organization (NPO) aimed at promoting women entrepreneurship and leadership in India. It provides mentorship, networking, business support, and access to finance, and runs social and skill development initiatives.

HP Govt Signs MoU for Geothermal Energy Exploration; Launches ‘Padhai with AI’ Initiative
In February 2026, the Government of Himachal Pradesh (HP) led by Chief Minister (CM) Sukvinder Singh Sukhu, signed a Memorandum of Understanding (MoU) with M/s Geotropy India Private Limited to explore and harness geothermal energy potential in HP.

• CM Sukvinder Singh Sukhu also launched the ‘Padhai with AI’ , an Artificial Intelligence (AI) based digital learning platform in Bilaspur (HP).

About Geothermal Energy MoU:
Objective: The MoU aims to assess and develop geothermal energy resources in HP by harnessing geothermal energy as a reliable and renewable source of clean, sustainable power.
Advantage: Immediate geothermal exploration will begin without financial burden on the State Government, supporting clean, round-the-clock energy.
About ‘Padhai with AI’ Initiative:
Target:  It is an AI-based digital learning platform designed to support Bilaspur district students preparing for competitive examinations by providing quality digital resources, equal learning opportunities, and continuous academic counselling.
Support: The initiative is backed by NTPC Limited to strengthen digital education access.

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